# Checkmate

**Source:** https://www.startuphub.ai/startups/checkmate
**Profile type:** Startup

> Financial fraud prevention platform combating authorized push payment fraud for banks.

## About

Checkmate is a cybersecurity and fintech startup focused on preventing financial fraud, specifically authorized push payment (APP) fraud. They aim to protect banks and their customers from criminals who exploit customer trust to initiate fraudulent transactions.

## Key facts

- **Slug:** checkmate
- **Website:** https://checkmate.ai/
- **Location:** New York, United States
- **Founded:** 2023-01-20
- **Operating status:** Active
- **Total funding:** $10M
- **Sectors / tags:** Cybersecurity, Fintech, Fraud Prevention, Fraud Detection, Payments, Financial Services, API Platform, Threat Detection, Security

## Frequently asked

### What does Checkmate do?

Checkmate is a cybersecurity and fintech startup focused on preventing financial fraud, specifically authorized push payment (APP) fraud. They aim to protect banks and their customers from criminals who exploit customer trust to initiate fraudulent transactions.

### What is Checkmate's revenue?

StartupHub estimates Checkmate's annual revenue at $3.9M (range $802K to $5.5M, 37% confidence), based on comparable companies in the sector.

### What is Checkmate's valuation?

StartupHub estimates Checkmate's effective valuation at $36.5M (range $25.0M to $60.0M, 13% confidence), based on comparable companies in the sector.

### How much funding has Checkmate raised?

Checkmate has raised a total of $10M in funding. The most recent round on record is Seed.

### Where is Checkmate headquartered?

Checkmate is headquartered in New York, United States.

### When was Checkmate founded?

Checkmate was founded in 2023.

### What industry does Checkmate operate in?

Checkmate operates in Cybersecurity, Fintech, Fraud Prevention, Fraud Detection, Payments, Financial Services.

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